LONDON (Reuters) -Britain’s BAE Systems said it was aiming to bring an autonomous submarine to market by 2026, amid interest from countries increasingly worried about underwater threats, following a series of attacks on subsea cables. BAE successfully tested its Herne submarine product last year and said at the DSEI arms fair on Tuesday it signed …
UK’s BAE aims to bring autonomous submarine to market by 2026 Read More »
By Tristan Veyet and Johann M Cherian (Reuters) – European shares ended steady on Tuesday, as a boost from Anglo American’s merger deal and higher oil prices managed to counter uncertainty in France after Prime Minister Francois Bayrou’s ouster in a confidence vote. The pan-European STOXX 600 ended 0.09% higher at 552.56 points, with the …
STOXX 600 ends flat as merger boost balances France turmoil Read More »
By Marianna Parraga HOUSTON (Reuters) -The auction of the parent of Venezuela-owned U.S. refiner Citgo Petroleum is turning into a heated contest between creditors trying to get compensation for the expropriation of their Venezuelan assets and holders of a defaulted bond issued by the country’s oil company PDVSA. The interests of both groups have become increasingly …
Venezuela bondholders, creditors clash ahead of Citgo auction decision Read More »
By Nupur Anand NEW YORK (Reuters) – JPMorgan Chase Co-CEO of commercial and investment bank Doug Petno said that investment banking revenue will grow in low double digits for the third quarter of this year. Petno also told an investor conference on Tuesday that markets revenue would grow in the high teens percentage rate for …
JPMorgan expects its Q3 investment banking revenue to grow in low double digits Read More »
By Sam Tabahriti LONDON (Reuters) – Commuters in London turned to bikes, buses and boats on Tuesday as a staff strike shut down the capital’s underground “Tube” network for a second day. With almost no underground trains running until Friday, demand for shared bike services and river transport surged as Londoners looked for alternative ways …
London commuters turn to bikes and boats as Tube strike enters second day Read More »
By Alexander Marrow and Dimitri Rhodes LONDON (Reuters) – Ben & Jerry’s seized the spotlight on Unilever’s ice cream unit on Tuesday to renew a call for its own spin-off ahead of a planned listing of the business in November after years of clashing over the U.S. brand’s vocal position on Gaza. As the new …
Ben & Jerry’s crashes Unilever’s ice cream investor party Read More »
MADRID (Reuters) -Spanish beauty company Puig, known for its perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier, said on Tuesday its first-half profit rose 79% to 275 million euros ($322 million) as sales increased in anticipation of higher U.S. tariffs. Puig said that part of the profit increase was due to extraordinary costs linked …
Beauty group Puig’s first-half profit up 79% as it tackles US tariffs Read More »
MUNICH (Reuters) -Bosch, the world’s biggest auto parts supplier, expects competitive pressure in the sector to continue next year, its CEO said on Tuesday, as the industry grapples with growing trade barriers and price declines. Stefan Hartung, speaking to Reuters at the IAA auto show in Munich, said 2026 would continue to see significant innovation …
Bosch CEO expects cut-throat competition to continue in 2026 Read More »
SEATTLE (Reuters) -Boeing said on Tuesday that it delivered 57 jets in August, up from 48 in July. It was the highest number of deliveries in August since 2018, when the U.S. planemaker handed over 64 airliners. By August 31, the company had delivered 385 jets in 2025, already surpassing its full-year 2024 total of …
Boeing steps up jet deliveries, surpassing 2024 total by August Read More »
BRUSSELS (Reuters) -The European Union’s 150 billion euros ($176 billion) in cheap loans for defence projects have been fully taken up by a total of 19 EU countries, with Poland securing the biggest part of the loans, the European Commission said on Tuesday. The scheme, called Security Action For Europe (SAFE), is a joint borrowing …
EU finalizes $176 billion defence loans, with Poland taking largest share Read More »
